From: "Rich Gauszka" 


"Gary Wiltshire"  wrote in message
news:op.s5fttox6eipai0{at}dsl40.bgtnvtpl.sover.net...
> On Thu, 23 Feb 2006 08:47:00 -0500, Rich Gauszka 
> >>>
>>
>> Not plain at all.  I'd say most just view port control as an extension of
>> border patrol. Should we outsource that also?
>>
>>
>
> I'm actually with Adam on this one.  Where is the outrage for the British
> or Dutch who own huge chunks of our economy?  From what I understand the
> Danes and Singapore are big in this particular area already.
>
> --
> Gary Wiltshire

Well with the Dutch we might have to worry about those dastardly cartoon
smugglers :-)

What economy?  - A good portion of US manufacturing here has moved to China
and it has secured a large amount of our debts and assets

http://news.xinhuanet.com/english/2006-02/18/content_4196123.htm

In a second day of Capitol Hill testimony, the new central bank chief was
pressed hard by Senate Banking Committee members about whether soaring U.S.
trade deficits, financed by foreign borrowing, made the economy and the
dollar vulnerable.
    "I don't think that the Chinese ownership of U.S. assets is so large as
to put our country at risk economically," Bernanke said, minimizing
the possibility that China might suddenly dump some of its U.S. debt.

    "It would be very much against their own interest to do so," he said,
ducking a question whether these holdings gave Beijing a potential
political lever over the United States.

    US congressional anger toward China has grown along with soaring U.S.
trade deficits that hit a record $725.8 billion in 2005 -- allegedly 28
percent of that with China alone. However, China puts its trade surplus
with the US in 2005 as US$114.20 billion.

    But a large part of China's exports to the US are from US-invested
companies, according to Vice Commerce Minister Yi Xiaozhun. Excluding this
factor, Chinese, American benefits from bilateral trade are even.

    At the end of 2005, China held some $819 billion worth of U.S. assets,
mostly in Treasury debt. Its U.S. holdings were surpassed only by Japan,
which held $829 billion worth.

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